Almasar Alshamil Education (6019) Q2 2026 earnings summary

Executive summary

• H1 2026 revenue rose 22% YoY to SAR 351,011k; reported EBITDA increased 33% to SAR 181,884k and net profit grew 29% to SAR 131,651k. EPS advanced to SAR 1.16 from SAR 0.88.

• Students and beneficiaries increased 21% YoY to 28.9k, supported by growth across higher education and specialised education and care.

• Growth priorities include facility and academic-offering expansion, regional partnerships, operational excellence and assessing organic and inorganic opportunities.

Financial highlights

• H1 revenue was SAR 351,011k, up 22% YoY; Q2 revenue reached SAR 163,352k, versus SAR 134,313k in Q2 2025.

• H1 reported EBITDA was SAR 181,884k, up 33%; Q2 EBITDA rose 34% to SAR 94.8m.

• H1 net profit was SAR 131,651k, up 29%; Q2 net profit was SAR 68,694k, versus SAR 53,061k in Q2 2025.

• H1 profit attributable to equity holders rose 31% to SAR 118,605k; Q2 attributable profit increased 29% to SAR 64.7m.

• H1 gross profit was SAR 169,459k and operating profit SAR 147,219k, versus SAR 132,253k and SAR 110,762k, respectively, in H1 2025.

Outlook and guidance

• Existing SEC centres operated at ~65% capacity utilisation, leaving room for ramp-up as facilities mature; additional facilities remain under development.

• A potential Saudi university with a UK-based university is subject to licensing eligibility and requirements; SEC residential services depend on regulatory finalisation.

• Further opportunities under assessment include expanding academic offerings in Saudi Arabia and entering new verticals; management cited confidence in long-term growth drivers.